Bahri in its statement added that it strictly adheres to and ensures full compliance with the applicable laws and regulations in every market where it operates.
The company’s sustained efforts to enhance its maritime capabilities and offerings and the better performance of its five business units helped report solid results in 2018, said Abdullah Aldubaikhi, CEO, Bahri
Acquisitions in the pipeline will be financed from the company’s own funds and banking finance, the CEO said.
It’s unclear what additional security measures have been put in place to satisfy Bahri of the security of its vessels.
At least six Bahri-owned very large crude carriers (VLCCs) have anchored off Salalah as the Bab el-Mandeb strait ban continues.
Bahri said new vessels commissioned into Bahri’s fleet over the last six months helped it offset any negative impact of lower transportation rates during the quarter.
Six ro-ro, conventional and heavy-lift cargo ships have been deployed on Bahri’s new French service.
Bahri signed a three-year agreement in May, 2015 for the construction of five VLCCs
Bahri has committed to a Fleet Repair Framework Agreement that sets favourable terms and conditions for their assets to be repaired and drydocked at ASRY into 2019.
A look at Saudi Arabia’s ambitious new shipyard plans, and why it matters in a region already beset with an overcapacity of maritime maintenance and repair facilities
Saudi shipping giant adds fourth VLCC this year, bringing its total number of vessels to 92.
The 45,000 DWT Bahri chemical tanker left the Port of Rabigh heading to China, carrying Aramco Trading Company's first chemical shipment.
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